Angola’s public assets drop by 5.2% in 2022
In 2022, the total assets of Angola's Public Sector Enterprises (SEP), which comprises 71 companies, stood at 26.9 trillion kwanzas...
August 18, 2023Topic
Angola
Angola’s inflation rate drops to 12.12% in July 2023: key insights and sectoral analysis
In July, Angola experienced a 12.12% inflation rate, marking a decrease of 9.28 percentage points from the same period in...
August 14, 2023
Angola and Japan: a new era of deepened relations and joint investments
Over the years, Angola and Japan have sought to deepen their ties, building upon a foundation of mutual respect and...
August 9, 2023
Angolan diamond market faces price decline up to 49%
The current situation in the Angolan diamond market is facing challenges, as described by José Ganga Júnior, the president of...
August 3, 2023
Angolan bank profits to fall by 13.6% in 2022 due to various factors
The net profits of the Angolan banking sector experienced a 13.6% year-on-year drop in 2022, amounting to 367 billion kwanzas...
July 19, 2023
Angolan government introduces “green line” to simplify visa process for investors
The Angolan government is launching a "Green Line" initiative aimed at expediting visas for foreign investors, according to Ivan dos...
July 18, 2023
Gemcorp plans to start up Angola’s Cabinda refinery in 2024
Gemcorp Holdings Limited (GHL) anticipates the first phase of the Cabinda refinery to commence operations in the latter half of...
July 14, 2023
Angola’s central bank maintains key interest rate, adjusts marginal lending rate upward by 0.5 percentage point
The National Bank of Angola (BNA) has decided to keep its basic interest rate unchanged at 17%, while increasing the...
July 14, 2023
Angolan Central Bank slaps financial institutions with US$575,000 in penalties for infractions
In the second quarter of 2023, the Angolan central bank sanctioned both banking and non-banking financial institutions for various infractions,...
July 12, 2023